S&P changes KEW Soda view to stable

S&P said it revised to stable from negative its outlook on the preliminary B+ long-term rating on soda ash producer KEW Soda Ltd. and affirmed the preliminary ratings, including that on the senior secured notes due 2028 to be issued by WE Soda Investments Holding plc.

“The stable outlook mirrors that on the sovereign rating on Turkiye, reflecting our view of balanced risks to the sovereign creditworthiness from the reimposition of orthodox monetary policy settings,” S&P said in a news release.

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